Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Cash Assets Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital: Excess of issue price over par-common stock Retained earnings Total liabilities and stockholders' equity $90,300 138,750 198,200 8,080 403,760 (104,980) $734,110 $154,160 0 24,000 368,000 187,950 $734,110 $110,420 148,860 184,500 5,590 330,570 (81,070) $698,870 $146,060 209,660 15,000 197,000 131,150 $698,870 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income, $145,410.

Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: a. Net income, $145,410. ledger for 20Y8 are as follows: Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income; $145,410. b. Depreciation reported on the income statement, $51,350. c. Equipment was purchased at a cost of $100,630, and fully depreciated equipment costing $27,440 was discarded, with no salvage realized d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penaity. e. 9,000 shares of common stock were issued at $20 for cash. E Cash dividends declared and paid, $88,610. Required: Prepare a statement of cash fows, using the indirect method, Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. For the Year Ended December 31, 20 Y8 Cash fows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow used for financing activities Cash at the beginning of the year Cash at the end of the year